3.1 Choose an explanation from COLUMN B that matches the individual or term in COLUMN A - NSC Accounting - Question 3 - 2023 - Paper 1
Question 3
3.1 Choose an explanation from COLUMN B that matches the individual or term in COLUMN A. Write only the letter (A–D) next to the question numbers (3.1.1 to 3.1.3) in... show full transcript
Worked Solution & Example Answer:3.1 Choose an explanation from COLUMN B that matches the individual or term in COLUMN A - NSC Accounting - Question 3 - 2023 - Paper 1
Step 1
3.1.1 Director
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The director is a person who manages the operating, financing, and investing activities of a company. This role is vital, as directors are responsible for ensuring that the company operates efficiently and aligns with its strategic goals.
Step 2
3.1.2 Unqualified audit report
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An unqualified audit report indicates that no opinion was expressed on the financial position of the company. This means the financial statements are deemed fair and accurate, providing assurance to stakeholders.
Step 3
3.1.3 Shareholder
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A shareholder is defined as the person who invests funds in a company. Shareholders hold equity in the firm and may benefit from profits through dividends and the appreciation of their stock.
